Raymond James raises target for Diamondback Energy stock from USD 248 to USD 255
Published on 10/05/2026 at 09:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Diamondback Energy (ISIN US25278X1090) stock was trading at EUR 163.72 at Lang & Schwarz on October 5, 2026 at 9:31 a.m. CEST, versus a prior close of EUR 163.38, up 0.21 percent. On September 17, 2026, Raymond James raised its price target for Diamondback Energy from USD 248.00 to USD 255.00 and maintained a strong-buy rating, according to MarketBeat.
Target rises on strong quarter
The higher target followed Diamondback's second-quarter 2026 results. Revenue reached USD 5.56 billion, up 51.20 percent from the same quarter a year earlier, while adjusted earnings per share came in at USD 6.48 versus USD 6.08 consensus, according to MarketBeat. The comparison matters because the revenue gain was accompanied by an earnings beat, not only higher production.
Diamondback's latest filing summary shows USD 1.88 billion in net income attributable to the company and USD 3.59 billion in operating cash flow for the second quarter of 2026. The same filing summary reports USD 2.33 billion in free cash flow and full-year 2026 production guidance of at least 522,000 barrels of oil per day, according to StockTitan.
Next results date is set
Diamondback announced on September 30, 2026, that it plans to release third-quarter 2026 financial results on November 2, 2026, after the market closes. The company scheduled its conference call for November 3, 2026, according to Diamondback Energy. That date gives investors a defined checkpoint for testing whether the second-quarter production and cash-flow pace continues.
Board changes add a separate signal
A September 29, 2026 stockholders agreement amendment gave the Stephens Majority board-designation rights tied to its ownership level, while directors Darin Holderness and Lance Robertson resigned on September 29 and September 30. The filing summary says the resignations were not caused by disagreements over operations, policies or practices, according to StockTitan. The change is therefore a governance development alongside, rather than a replacement for, the operating figures.
Stock holds near the middle
Diamondback Energy's primary listing is Nasdaq, and its market capitalization was USD 52.0 billion as of October 2, 2026. The same market snapshot placed the 52-week range at USD 137.03 to USD 216.90, keeping the reference quote below the year's high without mixing the dollar range with the euro price.
At Lang & Schwarz, Diamondback Energy stock was trading at EUR 163.72 on October 5, 2026 at 9:31 a.m. CEST, up 0.21 percent versus the prior close of EUR 163.38. The further course of trading is shown by the continuously updated real-time quote of Diamondback Energy stock.
Diamondback Energy stock facts
- Company: Diamondback Energy, Inc.
- ISIN: US25278X1090
- Ticker: FANG
- Primary exchange: Nasdaq
- Price Lang & Schwarz as of October 5, 2026, 9:31 a.m. CEST: EUR 163.72
- Change versus prior close: plus 0.21 percent
- Prior close Lang & Schwarz September 30, 2026: EUR 163.38
- Market capitalization: USD 52.0 billion as of October 2, 2026
- 52-week range: USD 137.03-216.90 as of October 2, 2026
- Sector / Industry: Energy / Oil and Gas Exploration and Production
- Index membership: S&P 500 and Nasdaq-100
